August 11, 2005	Thursday	Rajab 5, 1426

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Govt likely to levy RD on cement export ISLAMABAD, Aug 10: The government has once again asked the cement manufacturers to lower the prices of cement otherwise it would be constrained to impose a regulatory duty on its export....		4pc increase in foreign debt sustainable KARACHI, Aug 10: An increase of almost four per cent, amounting to $1.4 billion, in Pakistan’s stock of foreign debt to $36.6 billion by March this year is found to be sustainable as additional loan carries an interest rate of 1.7...
World oil prices set fresh records LONDON, Aug 10: World oil prices struck new record high points in London and New York on Wednesday, despite a US stocks report deemed bearish by analysts, and as traders focused on refinery fears and geopolitical concerns....		Lending-deposit rates gap widens KARACHI, Aug 10: Banks’ average deposit rate rose to 1.85 per cent in June 2005 from 1.21 per cent in June 2004 showing a nominal increase of 64 basis points only....
Index sheds 120 points more on badla-related issues KARACHI, Aug 10: Stocks on Wednesday were in a terribly bad shape as leading investors again kept to the sidelines apparently awaiting some positive developments on COT front....		PC receives 43 EoIs for Javedan Cement ISLAMABAD, Aug 10: The Privatization Commission on Wednesday said that it had received 43 Expressions of Interest (EoIs) for acquiring 96.34 per cent shares of Javedan Cement held by the State Cement Corporation of Pakistan (SCCP)....
Japan to help boost Pakistan economy TOKYO, Aug 10: The Japanese financial and insurance sector has assured Pakistan of supporting its programme to revitalize economy and upgradation of its credit rating in the coming meeting of the OECD (Organization of Economic Cooperation and Development)....		Sales tax relief for 345 export industries ISLAMABAD, Aug 10: The government on Wednesday exempted 345 major export-oriented industries from the levy of sales tax on consumption of electricity to make their goods competitive on the world markets....
Safta comes into force from Jan NEW DELHI, Aug 10: India on Wednesday said the South Asia Free Trade Area Agreement (Safta) that envisaged phased tariff liberalization would come into force from January 1, 2006....		Company penalized ISLAMABAD, Aug 10: The Securities and Exchange Commission of Pakistan (SECP) has penalized Alfalah Securities, a member of the Karachi Stock Exchange, for its indulgence in insider trading in Pakistan Telecommunication Company Ltd (PTCL) shares....
UK oil firm to invest in offshore exploration ISLAMABAD, Aug 10: British oil exploration and production firm Premier Oil Plc plans to invest about $40 million in a Pakistani offshore exploration joint venture, the petroleum ministry said on Wednesday....		Pakistan wants better terms for new Eurobond KARACHI, Aug 10: Pakistan expects to issue its second eurobond on better terms than the country’s recent forays into international capital markets, a senior government official said on Wednesday....
Lint prices rise on active demand KARACHI, Aug 10: Cotton market on Wednesday showed steady trend where prices of new crop lint were quoted higher by Rs25 per maund as mill demand gathered momentum, brokers said....		Funds for fish harbour expansion sought QUETTA, Aug 10: The Pasni Fish Harbour Authority (PFHA) has sought financial assistance from the federal and provincial governments for the expansion of the harbour....
Dollar edges up against euro LONDON, Aug 10: The yen continued to strengthen across the board on Wednesday, boosted by prospects of stronger growth in Japan, while the dollar pushed back up against the euro ahead of a release of US retail sales figures....		Tea auction NAIROBI, Aug 10: Kenyan tea prices were mixed at this week’s auction, with some grades firming because of improved quality, traders said on Wednesday. Mombassa-based Africa Tea Brokers reported good...
Textile fair KARACHI, Aug 10: The international textile and garment exhibition “In-Style Pakistan 2005” will be held from September 21 to 24 at the Karachi Expo Centre. According to organizers here on Wednesday,...		Karachi Port operations KARACHI, Aug 10: Eight vessels including Guang Huame with 19,327 tons of sugar are due to arrive at the outer anchorage on Thursday, according to KPT sources....